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    2877 Lamar Ave Memphis, TN 38114

    Sponsored
    For Sale
    Contact for pricing

    Prime retail space, vacant & ready.

    Property size:
    16,706 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 16,706-square-foot, single-story grocery store building located at 2877 Lamar Avenue in Memphis, Tennessee. Constructed in 2007, this free-standing structure sits on a highly visible corner lot at the southwest corner of Lamar Avenue and Dunn Avenue, offering excellent street frontage and exposure. Its convenient location is just 0.77 miles north of Interstate 240, ensuring high traffic volume and accessibility for customers. The property is currently vacant, allowing for immediate possession and customization to suit a new tenant's needs. Complete building plans are readily available for review. The property's single-level design optimizes functionality and ease of operation. This is an ideal opportunity for investors seeking a well-located, sizable retail space in a thriving Memphis market. The building's size and location make it suitable for a variety of grocery or retail uses. The property is situated in Shelby County, Tennessee, with a zip code of 38114. This turnkey property offers immediate occupancy and significant potential for return on investment.

    Property Features for 2877 Lamar Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    16,706 SF

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1

    HighLights

    • Single‑story, free‑standing building.
    • 16,706 square feet, built in 2007.
    • Vacant; immediate occupancy.
    • Complete building plans available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9674175
    Latitude
    35.0909561

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    FAQs

    What type of property is this?
    Individual retail property - Prime retail space, vacant & ready.
    Where is this individual retail property located?
    The property is located at 2877 Lamar Ave Memphis, TN.
    What are key features of this property?
    This property features: Single-story, free-standing building.; 16,706 square feet, built in 2007.; Vacant; immediate occupancy.
    Request Owner's contact information
    2877 Lamar Ave Memphis, TN 38114
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    Memphis, TN 38114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2877 Lamar Ave Memphis, TN 38114
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